About Secret Network

HOW IT WORKS :

Built to protect data and empower users Secret Network is built as a decentralized network of computers (secret nodes) utilizing trusted execution environments (TEEs) to enable secure, private computation over encrypted data. TEEs function like a “black box” for data processing and are utilized in all types of everyday platforms, such as smartphones and video game consoles.

Since data is encrypted and private by default, Secret Network users have “viewing keys” to view their sensitive data. Viewing keys can be shared with third parties like auditors, wallets, and explorers. They allow users to maintain control over their data and decide what is shared – and with who. A range of blockchain protocols have enabled a host of decentralized applications and usability based on the programmatic nature of smart contracts and interoperability. Open-source projects have thrived, with rapid adoption of a variety of decentralized internet protocols. A significant portion of the intrinsic value of blockchain is contingent upon immutability and simultaneously the transparency of the underlying ledger. Blockchains that have all data of every smart contract and transaction publicly visible are limited in their capacity to generate effective use cases where privacy is a fundamental component of the feasibility of the application. There has never been a greater need for privacy solutions inside and outside the blockchain space. While transactional privacy has long been a point of focus for a variety of privacy focused protocols, there remains the need for a protocol where the degree to which the underlying data is exposed is programmable by default.

The intent of the Secret Network is to be an open source protocol that enables a wide range of privacy preserving tools and applications through programmable privacy - improving the adoption and usability of decentralized technologies. It is imperative that users in the blockchain domain have accessible alternatives to applications that do not respect their right to privacy. This alternative is made possible by the next generation of smart contracts - Secret Contracts. These contracts enable encrypted input, state, and output allowing for a wide degree of flexibility with both design and implementation decisions.

this upper chart shows the swap volume to SCRT over past 3 months

in upper chart we see that ,in 12 april 2022, is the day that happen the most swap to SCRT

so now we want to find why?

the Secret Network happenings in April 2022.

April 2022 was a big month for Secret Network, kicking off the lead-up to our Shockwave Alpha growth initiative. Major Shockwave Alpha improvements were announced, including:

• 500x performance boosts for network events, like NFT drops
• Interchain account interoperability
• CosmWasm state sync

But Shockwave announcements weren't the only thing that happened last month. April saw the launch of SiennaLend, exciting partnerships, the release of the stkd-SCRT derivative, and famed director Kevin Smith minting the first full-length film as an NFT on Legendao. Keep reading to learn more!

and also in twit of @StakeEasy we see that mention that why we should stake ?

and besides upper issue we see that in march we saw the unveiling of massive scaling improvements to Secret Network this are may the some reason why we saw the most swap to SCRT.

what can we understand from upper chart